May 10, 2024 05:41 GMT
INDON Sov Curve Flattens, Local Market Closed For Ascension Day
INDONESIA
The Indonesian sov curve has bull-flattened today, the local market was closed yesterday and today for Ascension day, so volumes have been light.
- The front-end INDON curve is little changed today, further up the curve yields are 2-4bps lower the 2Y yield unchanged at 5.24%, 5Y yield is 3bps lower at 5.18%, the 10Y yield is 3bps lower at 5.26%, while the 5-year CDS is unchanged at 72bps.
- The INDON to UST spread diff the 2Y is now 42bps (+2bp), 5yr is 70.5bps (+2bps), while the 10yr is 79.5bps (+2bp).
- In cross-asset moves, local markets are closed, Palm Oil is 1.10% lower, while US tsys yield are flat to 1bps higher.
- Looking ahead; Trade Balance on Wednesday
116 words